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Archive - 2017-03-01
PSL final: no load-shedding on March 4-5
General News

PSL final: no load-shedding on March 4-5

LAHORE: Lahore Electric Supply Company (LESCO) Wednesday announced that there will be no electricity load-shedding on March 4 and 5 in connection with final match of Pakistan Super League (PSL).
Published 01 Mar, 2017 07:49pm
Nisar lauds foolproof security during ECO Summit
General News

Nisar lauds foolproof security during ECO Summit

ISLAMABAD: Minister for Interior, Chaudhry Nisar Ali Khan on Wednesday appreciated elaborate security made by administration, security and Intelligence agencies during Economic Cooperation Organization (ECO) Summit.
Published 01 Mar, 2017 07:49pm
ECO heads of state depart after attending summit
Pakistan Top News

ECO heads of state depart after attending summit

ISLAMABAD: Heads of states and governments Wednesday left for their respective countries after participation here in 13th Economic Cooperation Organization (ECO) Summit.
Published 01 Mar, 2017 07:42pm
Dar acknowledges SECP contribution for Companies Bill 2017
General News

Dar acknowledges SECP contribution for Companies Bill 2017

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar Wednesday urged Securities and Exchange Commission of Pakistan (SECP) to take all necessary measures to ensure that the corporate sector and capital markets of the country realize their full potentia
Published 01 Mar, 2017 07:41pm
Abid criticises Imran for pursuing divisive approach
Pakistan

Abid criticises Imran for pursuing divisive approach

MULTAN: State Minister for Water and Power Chaudhry Abid Sher Ali strongly criticised Pakistan Tehrik-i-Insaf (PTI) chief Imran Khan accusing him of pursuing a divisive approach saying the PTI chairman's statements tantamount to creating divide among
Published 01 Mar, 2017 04:02pm
ECO member states agree for enhanced cooperation in areas of common interest
Front Top News

ECO member states agree for enhanced cooperation in areas of common interest

ISLAMABAD: The member states of the Economic Cooperation Organization (ECO) Wednesday agreed to ensure continued and enhanced cooperation in the areas of common interest through effective, timely and result-oriented projects and programmes in the Organiza
Published 01 Mar, 2017 02:41pm
Pak-Turkish military relations need to be furthered: COAS
Pakistan Top News

Pak-Turkish military relations need to be furthered: COAS

RAWALPINDI: Chief of Army Staff (COAS) General Qamar Javed Bajwa on Wednesday emphasized the need to further enhance the existing military to military cooperation between brotherly armed forces of Pakistan and Turkey.
Published 01 Mar, 2017 01:17pm
Peace, development paramount important for people: Nisar
Front Top News

Peace, development paramount important for people: Nisar

ISLAMABAD: Minister for Interior, Chaudhry Nisar Ali Khan on Wednesday said peace and development have a paramount importance for people of Pakistan not confrontation and chaos.
Published 01 Mar, 2017 01:14pm
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Friday having 49006.
Published 01 Mar, 2017 11:03am
ECO states firm on collective goal of peace, prosperity: PM
Pakistan Top News

ECO states firm on collective goal of peace, prosperity: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Wednesday said the member countries of Economic Cooperation Organization (ECO) were determined to realize the vision of making the region a zone of peace and prosperity.
Published 01 Mar, 2017 10:45am
No load-shedding across Pakistan during PSL final
General News

No load-shedding across Pakistan during PSL final

BAHAWALNAGAR: Minister of State for Water and Power Abid Sher Ali has assured cricket fans that there would be no load shedding across the country on the day of Pakistan Super League (PSL) final, on March 5 (Sunday) in Lahore.
Published 01 Mar, 2017 10:27am
FPCCI hails ECO summit, terms it milestone
Business & Economy

FPCCI hails ECO summit, terms it milestone

ISLAMABAD: Federation of Pakistan Chamber of Commerce and Industry (FPCCI) hailed the 13th summit of Economic Cooperation Organization (ECO) held here on Wednesday and termed it a milestone for economic integration among the ECO countries.
Published 01 Mar, 2017 09:54am
CPEC, Gwadar dominate ECO ministerial talk
Front Top News

CPEC, Gwadar dominate ECO ministerial talk

ALI HUSSAIN%D%A%D%AISLAMABAD: The ministers of Economic Cooperation Organisation (ECO) member states on Tuesday approved Islamabad Declaration 2017 and agenda of the 13th ECO Summit being held here today (Wednesday).
Published 01 Mar, 2017 09:07am
Tokyo stocks close higher after Trump speech
Financial

Tokyo stocks close higher after Trump speech

TOKYO: Tokyo shares rose Wednesday as investors breathed a sigh of relief that US President Donald Trump's speech to Congress did not deliver any unwelcome surprises, but it offered little new on his economic growth plans.
Published 01 Mar, 2017 07:54am
YouTube wages war against cable TV
Technology

YouTube wages war against cable TV

YouTube on Tuesday disclosed a streaming television service offering bundles of live channels, in a direct challenge by the Google-owned network against traditional cable and pay TV.%D%A%D%A
Published 01 Mar, 2017 07:31am
South Korea, US forces begin joint military drills
Asia

South Korea, US forces begin joint military drills

SEOUL: South Korea and the United States kicked off their annual, massive military exercises on Wednesday as North Korean leader Kim Jong-Un ordered his troops to prepare for a "merciless strike" against the enemy forces.
Published 01 Mar, 2017 07:23am
Trump promises 'renewal of the American spirit'
Front Top News

Trump promises 'renewal of the American spirit'

WASHINGTON: President Donald Trump pledged a "renewal of the American spirit" Tuesday, as he tempered his most inflammatory rhetoric while fleshing out his nationalist agenda during a landmark speech to Congress.
Published 01 Mar, 2017 07:15am
Isreal commissions new Amos-7 satellite
Technology

Isreal commissions new Amos-7 satellite

Israel's Space Communications commissioned a new communications satellite, Amos-7 on Monday a major milestone after it lost two satellites in the past two years.
Published 01 Mar, 2017 07:12am
Talk about financial inclusion
Banking

Talk about financial inclusion

It is early to say whether the donor-led, government-sanctioned, and private-sector-supported financial inclusion mantra will do any good to the lives of those locked out of the financial system.
Published 01 Mar, 2017 06:47am
PPL 1QFY17
Oil and Gas

PPL 1QFY17

Pakistan Petroleum Limited (PSX: PPL) held its Annual General Meeting yesterday where the shareholders approved 35 percent cash dividend for FY16.
Published 01 Mar, 2017 06:38am
Engro Foods, PSDF sign 'The Big Push' dairy project

Engro Foods, PSDF sign 'The Big Push' dairy project

Engro Foods and the Punjab Skills Development Fund (PSDF) on Tuesday signed 'The Big Push Project' which aims at training 9,000 plus farmers in modern animal husbandry practices, with a focus on increasing milk production and incomes. In order to provide
Published 01 Mar, 2017 12:00am
Landi Kotal bazaar suffers due to closure of Torkham border

Landi Kotal bazaar suffers due to closure of Torkham border

Abdul Hakeem, a resident of LandiKotal Khyber Agency, is a cloth merchant at LandiKotal bazaar, whose business like other shopkeepers was being affected after suspension of movement on Pak-Afghan Torkham border. The Afghan nationals residing near Torkham
Published 01 Mar, 2017 12:00am
Chinese executive vice FM calls on prime minister

Chinese executive vice FM calls on prime minister

Executive Vice Foreign Minister of China Yesui Zhang called on the Prime Minister Nawaz Sharif at PM's House on Tuesday. Warmly welcoming the Executive Vice Foreign Minister, the Prime Minister appreciated China's diplomatic and material support to Pakist
Published 01 Mar, 2017 12:00am
Pakistan, China to enhance exchanges in field of auditing

Pakistan, China to enhance exchanges in field of auditing

Pakistan and China have agreed to strengthen existing ties and further enhance exchanges in the field of auditing to learn from each other's best practices. Auditor General of Pakistan (AGP), Rana Assad Amin, is on official visit to China met Liu Jiayi, t
Published 01 Mar, 2017 12:00am
India to release 39 Pakistan prisoners today

India to release 39 Pakistan prisoners today

After release of a number of Indian prisoners by Pakistan, New Delhi is finally responding to Islamabad's peace overtures, as the government has decided to release 39 Pakistan's nationals currently languishing in Indian jails. These included 21 prisoners
Published 01 Mar, 2017 12:00am
Students are precious asset of nation: Jhagra

Students are precious asset of nation: Jhagra

Khyber Pakhtunkhwa Governor Engr Iqbal Zafar Jhagra has said that students are the precious asset and future hope of the nation and the universities can play immensely vital role in grooming them as cream of the nation by providing quality education. He w
Published 01 Mar, 2017 12:00am
MoIT&T asked to submit draft of amendments to Telecom Act

MoIT&T asked to submit draft of amendments to Telecom Act

Senate sub-committee of the Committee on Delegated Legislation on Tuesday directed Ministry of Information Technology and Telecommunication (MoIT&T) to submit a review of draft amendments in Pakistan Telecom (re-organisation) Act, 1996, by March 10. The m
Published 01 Mar, 2017 12:00am
LPG air-mix plants: Senate body expresses dismay over SSGC briefing

LPG air-mix plants: Senate body expresses dismay over SSGC briefing

Expressing dissatisfaction over a briefing given by Sui Southern Gas Company (SSGC) officials on setting up liquefied petroleum gas (LPG) air-mix plants, Senate's Functional Committee on Problems of Less-Developed Areas, on Tuesday, sought another briefin
Published 01 Mar, 2017 12:00am
'White' racism emerging as new force in west: Rabbani

'White' racism emerging as new force in west: Rabbani

Chairman Senate Mian Raza Rabbani on Tuesday said that white racism was emerging in the west as a new force. He expressed these views during a meeting with President of National Assembly of the People's Power of Cuba, Deputy Esteban Lazo Hernandez in Hava
Published 01 Mar, 2017 12:00am
MoW&P asked to submit report about Wapda dues against Sindh government

MoW&P asked to submit report about Wapda dues against Sindh government

The National Assembly Standing Committee on Government Assurances ordered the Ministry of Water and Power (MoW&P) to submit its report about the outstanding dues of Wapda against Sindh government and details of its settlement. The committee also showed se
Published 01 Mar, 2017 12:00am
Prime Minister to visit China in May

Prime Minister to visit China in May

Prime Minister Mian Nawaz Sharif said he will visit China in May this year on the invitation of the Chinese President Xi Jinping. He will be there to attend the Belt and Road Forum for international co-operation, being hosted by the Chinese government. He
Published 01 Mar, 2017 12:00am
Action against stock brokers SECP to brief Senate body

Action against stock brokers SECP to brief Senate body

The Securities and Exchange Commission of Pakistan (SECP) will brief the Senate Standing Committee on Finance and Revenue about the ongoing action against stock brokers and issues in stock market. Chairman SECP Zafar Hijazi informed media here on Tuesday
Published 01 Mar, 2017 12:00am
Hanif Abbasi seeks early hearing on petition against Imran

Hanif Abbasi seeks early hearing on petition against Imran

A prominent politician of the Pakistan Muslim League-Nawaz Hanif Abbasi urged the Supreme Court today (Tuesday) an early hearing of the two petitions in which he seeks disqualification of Tehreek-e-Insaf's chairman Imran Khan and its secretary general Jah
Published 01 Mar, 2017 12:00am
Disaster risk-reduction plan: speakers for effective implementation

Disaster risk-reduction plan: speakers for effective implementation

Speakers on Tuesday while stressing the need for effective implementation on disaster risk reduction (DRR) plan and better state of preparedness to save lives and livelihoods of millions of vulnerable people across Pakistan from natural and manmade calami
Published 01 Mar, 2017 12:00am
PM praises role of ECO SG

PM praises role of ECO SG

The ECO Secretary General, Halil Ibrahim Akca, called on the Prime Minister Nawaz Sharif on Tuesday. The Secretary General is in Pakistan for the ongoing 13th Economic Co-operation Organisation (ECO) Summit. The Prime Minister appreciated the role of the
Published 01 Mar, 2017 12:00am
FBR will charge 15.5 percent ST on motor spirit

FBR will charge 15.5 percent ST on motor spirit

The Federal Board of Revenue (FBR) will charge 15.5 percent sales tax on motor spirit as compared to standard rate of 17 percent from March 1, 2017. According to an SRO 125(I)/2017 issued here on Tuesday, sales tax on Kerosene would remain at zero percent
Published 01 Mar, 2017 12:00am
Army chief, Russian envoy discuss 'regional security'

Army chief, Russian envoy discuss 'regional security'

Russian Ambassador to Pakistan Alexey Yurevich Dedov called on CoAS General Qamar Javed Bajwa Tuesday and discussed matters related to regional security. The Ambassador condemned recent terrorist incidents in the country and expressed grief on behalf of h
Published 01 Mar, 2017 12:00am
Honda Atlas Cars (HCAR)

Honda Atlas Cars (HCAR)

Interesting times are ahead for the auto industry and for the three Japanese carmakers in Pakistan, for better or for worse. Smaller of the three carmakers, today Honda is a glowing example. The company has moved up slowly utilising only half of its exist
Published 01 Mar, 2017 12:00am
Honda Atlas Cars (HCAR)

Honda Atlas Cars (HCAR)

Interesting times are ahead for the auto industry and for the three Japanese carmakers in Pakistan, for better or for worse. Smaller of the three carmakers, today Honda is a glowing example. The company has moved up slowly utilising only half of its exist
Published 01 Mar, 2017 12:00am
Government fails to overcome terrorism: Sattar

Government fails to overcome terrorism: Sattar

MQM-Pakistan leader Dr Farooq Sattar has accused the federal government of failure in overcoming the menace of terrorism, saying its priorities were different and did not support the military courts. Talking to media persons here on Tuesday, Farooq Sattar
Published 01 Mar, 2017 12:00am
Women empowerment by BISP

Women empowerment by BISP

BISP is the largest social safety net and woman financial inclusion program of Prime Minister Nawaz Sharif's Government. It is a unique program which has become internationally acclaimed since it caters to the ultra poor women who need the support of the
Published 01 Mar, 2017 12:00am
88 illegal immigrants held in Sindh

88 illegal immigrants held in Sindh

Sindh police arrested 88 illegal immigrants from different areas of Karachi on Monday night. A spokesman of Sindh Police told media that cases have been registered against all the arrested illegal immigrants. Sindh Rangers have also arrested ten criminals
Published 01 Mar, 2017 12:00am
NH&LH, attached departments: NA body approves budgetary proposals

NH&LH, attached departments: NA body approves budgetary proposals

The National Assembly Standing Committee on Information, Broadcasting and National Heritage has approved budgetary proposals relating to Public Sector Development Programme (PSDP) of National Heritage and Literary Heritage Division (NH&LH) and its attache
Published 01 Mar, 2017 12:00am
British diplomat visits Sindh University

British diplomat visits Sindh University

British deputy high commissioner Belinda Lewis visited Sindh University today (Tuesday) where they had a discussion with Vice-Chancellor Fateh Muhammad Burfat and other university officials. Their discussion included the possibility of signing a memorandu
Published 01 Mar, 2017 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

The price of gold rose on Tuesday due to a weaker dollar and as financial markets wait to hear what US President Donald Trump has to say about his policies on tax reforms and government spending when he delivers a key speech to Congress this evening. Gold
Published 01 Mar, 2017 12:00am
US MIDDAY: corn and soyaoil soar

US MIDDAY: corn and soyaoil soar

US corn futures rose about 3 percent on Tuesday and soyaoil futures jumped nearly 6 percent on expectations that changes to the US renewable fuels policy would boost demand for corn-based ethanol and soya biodiesel, traders said. Wheat and soyabean future
Published 01 Mar, 2017 12:00am
Gold steadies in European trade

Gold steadies in European trade

Gold held steady on Tuesday after falling from a 3-1/2 month high in the previous session as the market waited on a speech by US President Donald Trump that is expected to provide more clarity on economic reforms. Spot gold was barely changed at $1,253.61
Published 01 Mar, 2017 12:00am
Gold up in Asia

Gold up in Asia

Gold prices held steady on Tuesday after falling from a 3-1/2 month high in the previous session, with investors looking towards a speech later in the day by US President Donald Trump for more clarity on his economic policy. Spot gold was up 0.1 percent a
Published 01 Mar, 2017 12:00am
Gold falls in New York

Gold falls in New York

Gold fell after tapping a 3-1/2-month high on Monday as US Treasury yields rose and investors waited for US President Donald Trump to outline plans for tax cuts, infrastructure spending, levies on imports and foreign policy. Spot gold turned down 0.1 perc
Published 01 Mar, 2017 12:00am
Robusta coffee climbs, raw sugar firms ahead of expiry

Robusta coffee climbs, raw sugar firms ahead of expiry

Robusta coffee futures rose on Tuesday in a technical rebound, while cocoa slipped on a bout of fresh selling and raw sugar steadied as the March contract inched towards expiry. May robusta coffee was up $33 or 1.57 percent at$2,133 a tonne by 1522 GMT. D
Published 01 Mar, 2017 12:00am
Palm oil recovers from near four-month low

Palm oil recovers from near four-month low

Malaysian palm oil futures recovered late on Tuesday, tracking stronger soyaoil prices after hitting their lowest level in nearly four months earlier in the day. Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange ended the sessi
Published 01 Mar, 2017 12:00am
Brazil's corn crop seen rising to record 89.6 million tonnes

Brazil's corn crop seen rising to record 89.6 million tonnes

Brazil's 2016/17 corn crop should reach a record 89.6 million tonnes as analysts raised expected yields due to favourable weather, according to a Reuters poll. Production was seen increasing 34.7 percent compared with the 2015/16 crop, which was negativel
Published 01 Mar, 2017 12:00am
Dubai crude hits highest since October

Dubai crude hits highest since October

The Middle East crude benchmark Dubai ended February in the positive territory as a flurry of trades on Tuesday nudged up its premium against swaps. Reliance sold most of the 28 April Dubai partials transacted on Tuesday's Platts window to Shell, Vitol, G
Published 01 Mar, 2017 12:00am
Zinc and copper gain as strikes persist and dollar slips
Currency

Zinc and copper gain as strikes persist and dollar slips

Zinc and copper prices rose on Tuesday as ongoing strikes in Canada and Chile added to supply worries while a weaker dollar also supported the market ahead of a speech by US President Donald Trump. Benchmark zinc on the London Metal Exchange climbed 0.7 p
Published 01 Mar, 2017 12:00am
Shanghai copper down

Shanghai copper down

The most-traded copper contract on the Shanghai Futures Exchange finished down 0.27 percent at 47,740 yuan ($6,952) a tonne on Tuesday with investors looking towards a speech by US President Donald Trump for more clarity on his economic policy. In ShFE t
Published 01 Mar, 2017 12:00am
UN should suspend North Korea: Seoul

UN should suspend North Korea: Seoul

South Korea on Tuesday urged the United Nations to suspend its isolated northern neighbour, arguing that the assassination of Kim Jong-Nam showed Pyongyang was intent on using chemical weapons. Speaking before the UN's Conference on Disarmament in Geneva,
Published 01 Mar, 2017 12:00am
Japanese emperor kicks off landmark visit to Vietnam

Japanese emperor kicks off landmark visit to Vietnam

Japan's emperor arrived in Vietnam on Tuesday for a whirlwind tour that will include a meeting with families of Japanese soldiers who stayed there after World War II. The emperor and empress were received by Vice President Dang Thi Ngoc Thinh and guards o
Published 01 Mar, 2017 12:00am
At least four killed in California plane crash

At least four killed in California plane crash

Four people died and up to five more were missing after a small plane crashed into two houses in a residential neighbourhood in southern California, authorities said late Monday. The Cessna 310 aircraft crashed "under unknown circumstances" about a half-m
Published 01 Mar, 2017 12:00am
Singapore defence ministry reports cyber breach

Singapore defence ministry reports cyber breach

Singapore's defence ministry said Tuesday that hackers had stolen the personal details of hundreds of staff and soldiers in what appeared to be a "targeted" cyber attack on its computer systems. Officials said hackers had not collected any classified data
Published 01 Mar, 2017 12:00am
Lithuanian court jails Russian spies

Lithuanian court jails Russian spies

A Lithuanian court on Tuesday jailed a Russian citizen and one of its own nationals for spying for Moscow, in the latest case of espionage as tension simmers between Russia and the West. The Lithuanian, a former captain who served at the country's Siaulia
Published 01 Mar, 2017 12:00am
Israel unprepared for tunnel threat in 2014 Gaza war: report

Israel unprepared for tunnel threat in 2014 Gaza war: report

An Israeli state inquiry accused Prime Minister Benjamin Netanyahu and top army brass Tuesday of being unprepared for the strategic threat of tunnels used by Hamas militants during the 2014 Gaza war. The findings of the two-year inquiry sparked a frenzy a
Published 01 Mar, 2017 12:00am
Quake hits off Japan's Fukushima, no tsunami risk

Quake hits off Japan's Fukushima, no tsunami risk

A 5.6-magnitude earthquake on Tuesday struck north-eastern Japan near the disaster-hit Fukushima nuclear plant but there was no fear of a tsunami, Japanese and US authorities said. The quake struck at a depth of 42.3 kilometres (26 miles) in the Pacific O
Published 01 Mar, 2017 12:00am
Israeli police begin evacuating West Bank settler homes

Israeli police begin evacuating West Bank settler homes

Israeli police were removing residents and protesters on Tuesday from nine West Bank settler homes set to be demolished under a Supreme Court ruling. The homes in the Ofra settlement - a symbol of Jewish settler defiance to international concerns - were f
Published 01 Mar, 2017 12:00am
One dead as clashes rock Palestinian camp in Lebanon

One dead as clashes rock Palestinian camp in Lebanon

One civilian was killed and four wounded on Tuesday in fierce clashes that rocked Lebanon's largest Palestinian refugee camp for the sixth day, a medical source told AFP. The fighting in Ain al-Hilweh near Lebanon's southern port city of Sidon has pitted
Published 01 Mar, 2017 12:00am
Bangladesh child marriage law sparks criticism

Bangladesh child marriage law sparks criticism

A controversial child marriage law in Bangladesh which allows children as young as 14 to be married off by their parents was criticised by rights groups Tuesday. Parliament passed the Child Marriage Restraint Act on Monday night, replacing a law dating ba
Published 01 Mar, 2017 12:00am
Shelling blocks UN aid chief visit to Yemen's Taez

Shelling blocks UN aid chief visit to Yemen's Taez

UN aid chief Stephen O'Brien on Tuesday cancelled a visit to Yemen's third city Taez when shelling and a rebel checkpoint blocked his route, several sources said. A UN source in Yemen told AFP that O'Brien, who was in a convoy travelling to the conflict z
Published 01 Mar, 2017 12:00am
No Ibrahim Prize awarded for African leadership

No Ibrahim Prize awarded for African leadership

The Ibrahim Prize for Achievement in African Leadership - the world's biggest individual prize - drew a blank once again in finding a suitable laureate, it was announced Tuesday. The prize only goes to a democratically-elected African leader who demonstra
Published 01 Mar, 2017 12:00am
Gambia military chief sacked

Gambia military chief sacked

Gambia's President Adama Barrow has fired the head of the armed forces, General Ousman Badjie, as he continues a clear-out of senior officials linked to the despotic rule of his predecessor. Badjie has been replaced by General Masanneh Kinteh, a former am
Published 01 Mar, 2017 12:00am
Rebel negotiators, Thai army agree 'safety zone'

Rebel negotiators, Thai army agree 'safety zone'

Thai army and Muslim rebel peace negotiators agreed Tuesday to create a "safety zone" in Thailand's insurgency-hit south, a small but significant step in talks to end a bloody 13-year conflict. More than 6,800 people have died in a rebellion waged by ethn
Published 01 Mar, 2017 12:00am
SpaceX to send two tourists around Moon in 2018

SpaceX to send two tourists around Moon in 2018

SpaceX said Monday two private citizens have paid money to be sent around the Moon in what would mark the farthest humans have ever travelled to deep space. The United States has not sent astronauts to the Moon since NASA's Apollo missions of the 1960s an
Published 01 Mar, 2017 12:00am
Eight foreign players willing to play PSL final: Sethi

Eight foreign players willing to play PSL final: Sethi

Eight foreign players have agreed to play Pakistan Super League (PSL) final at Gaddafi Stadium Lahore, confirmed Pakistan Cricket Board, executive committee chairman, Najam Sethi on Tuesday. According to details, Quetta Gladiators' Luke Wright and Rilee R
Published 01 Mar, 2017 12:00am
Fans over excited to buy tickets

Fans over excited to buy tickets

With only four days left in Pakistan Super League final in Lahore, the excitement of people seems to be at its peak but cricket fans are running from pillar to post to get tickets for watching the mega event. A goods number of young people thronged the Ga
Published 01 Mar, 2017 12:00am
KP upset Wapda in CM's Volleyball

KP upset Wapda in CM's Volleyball

Khyber Pakhtunkhwa upset Pakistan Wapda in straight set in the ongoing Chief Minister National Under-23 Volleyball Championship being played here at PSB Coaching Center on Tuesday. The super-fit Khyber Pakhtunkhwa players did not give much chance to Pakis
Published 01 Mar, 2017 12:00am
England call-up Curran for West Indies series

England call-up Curran for West Indies series

Surrey fast bowler Tom Curran has been added to England's one-day squad for their one-day international series in the West Indies, it was announced Tuesday. The uncapped 21-year-old will head to the Caribbean as back-up for Jake Ball, who injured his righ
Published 01 Mar, 2017 12:00am
Asian Champions League: Hulk strikes as Aussies take a hammering

Asian Champions League: Hulk strikes as Aussies take a hammering

Brazilian forward Hulk was amongst the scorers as Australian sides were put to the sword in the Asian Champions League on a day of one-side matches on Tuesday. Big-spending Shanghai SIPG hammered 2014 champions Western Sydney Wanderers 5-1, while the Bris
Published 01 Mar, 2017 12:00am
Wawrinka dumped out in Dubai upset

Wawrinka dumped out in Dubai upset

Holder Stan Wawrinka was sensationally dumped out of the Dubai Tennis Championships on Tuesday as his form collapsed following an early 4-1 lead. The Swiss three-time Grand Slam winner was beaten 7-6 (7/4), 6-3 in the first round by outsider Damir Dzumhur
Published 01 Mar, 2017 12:00am
US Consulate holds Paralympics Sports Diplomacy event

US Consulate holds Paralympics Sports Diplomacy event

The United States Consul General, Grace Shelton, welcomed approximately 100 differently-abled athletes and their parents and mentors from Para Sports Pakistan for a Paralympics Sports Diplomacy event on Tuesday. At the official residence of the Consul Gen
Published 01 Mar, 2017 12:00am
Two matches decided in Emporium Mall Polo

Two matches decided in Emporium Mall Polo

Pebble Breakers and Barry's won the opening matches of the Emporium Mall Punjab Polo Cup 2017 played here at the Lahore Polo Club ground on Tuesday. Both the teams played well and gave tough time to each other but in the end, Pebble Breakers emerged as tr
Published 01 Mar, 2017 12:00am
Vardy lifts Leicester to post-Ranieri win

Vardy lifts Leicester to post-Ranieri win

Jamie Vardy scored twice as a revitalised Leicester City started life without sacked manager Claudio Ranieri by sinking Liverpool 3-1 on Monday to spark their Premier League survival hopes. Ranieri, 65, was dismissed last Thursday, nine months on from Lei
Published 01 Mar, 2017 12:00am
Former Test players to develop young Aussie talent

Former Test players to develop young Aussie talent

Former Test stars Ryan Harris and Matthew Elliott were Tuesday appointed to nurture young Australian talent, with the pair's first assignment an under-19 series against Sri Lanka. Fast bowler Harris and batsman Elliott beat off competition from 38 other a
Published 01 Mar, 2017 12:00am
China transfers hit new record despite crackdown

China transfers hit new record despite crackdown

Chinese clubs splashed a record 388 million euros ($411 million) on footballers in the January-February transfer window despite an official crackdown on spending, with Oscar's heavyweight move to Shanghai SIPG leading the way. In spite of moves to curb "i
Published 01 Mar, 2017 12:00am
Pune pitch 'poor', says match referee

Pune pitch 'poor', says match referee

Match referee Chris Broad has rated the Pune track as poor after the first Test between India and Australia ended inside three days on a sharply turning wicket, the ICC said on Tuesday. Australia won the Test by 333 runs with spinner Steve O'Keefe claimin
Published 01 Mar, 2017 12:00am
Kohli will be back 'bigger and stronger': Starc

Kohli will be back 'bigger and stronger': Starc

Mitchell Starc may have won the opening duel against Indian skipper Virat Kohli by getting the star batsman out for a duck in the first Test, but the Australian fast bowler insists the battle has just begun. Starc triggered India's downfall in last week's
Published 01 Mar, 2017 12:00am
Aussie and kiwi tread water

Aussie and kiwi tread water

The Australian and New Zealand dollars treaded water on Tuesday, as the world awaited a speech by US President Donald Trump in which he may put more meat on the bones of his fiscal and tax policies. Markets have been longing for more detail on Trump's pro
Published 01 Mar, 2017 12:00am
Sterling slips as investors brace for Trump speech
Currency

Sterling slips as investors brace for Trump speech

Sterling fell against the dollar on Tuesday ahead of a speech by US President Donald Trump and as worries about Britain's future when it leaves the European Union. The pound fell to as low as $1.2384 on Monday, its weakest in a fortnight, on reports that
Published 01 Mar, 2017 12:00am
Yuan weakens

Yuan weakens

China's yuan weakened against the US dollar on Tuesday and is on track to end the month slightly stronger, with the market awaiting details from US President Donald Trump's speech before Congress late today. The People's Bank of China set the midpoint rat
Published 01 Mar, 2017 12:00am
Asian currencies drift below recent highs

Asian currencies drift below recent highs

Asian currencies were little changed against the dollar on Tuesday, holding below recent highs, as investors awaited US President Donald Trump's speech to Congress for clues on tax reform and infrastructure spending. The Singapore dollar held steady at 1.
Published 01 Mar, 2017 12:00am
Sri Lankan rupee rises
Currency

Sri Lankan rupee rises

The Sri Lankan rupee on Tuesday ended firmer for a third straight session on exporter and bank dollar sales, but the gains were capped by concerns about possible depreciation in the absence of central bank guidance, dealers said. Rupee forwards were activ
Published 01 Mar, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 79.37-79.37 (previous 79.36-79.37).
Published 01 Mar, 2017 12:00am
Dollar steadies in New York before Trump speech
Currency

Dollar steadies in New York before Trump speech

The US dollar was steady against a basket of currencies on Monday ahead of a busy week that will include a speech by US President Donald Trump on the economy and numerous comments from Federal Reserve officials. Treasury Secretary Steven Mnuchin said on S
Published 01 Mar, 2017 12:00am
Early trade in New York: dollar weakens slightly

Early trade in New York: dollar weakens slightly

The dollar weakened slightly on Tuesday as investors awaited US President Donald Trump's speech to Congress for fresh indications of his economic plans and as portfolios were rebalanced for month-end. Investors were wary that Trump may disappoint those wh
Published 01 Mar, 2017 12:00am
Yen, franc gain in Europe
Currency

Yen, franc gain in Europe

Safe haven currency bets including the yen, the Swiss franc and to a lesser extent the Swedish crown rose on Tuesday as investors braced for a tensely-awaited speech to Congress by US President Donald Trump. Indications that Trump would use the set-piece
Published 01 Mar, 2017 12:00am
Dollar moves sideways in Asian trade
Currency

Dollar moves sideways in Asian trade

The dollar drifted on Tuesday, with its earlier advance halted by investors taking a wait-and-see approach ahead of US President Donald Trump's closely-watched Congressional address later in the day. The dollar index was little changed at 101.150 against
Published 01 Mar, 2017 12:00am
FTSE steady as miners outweigh GKN, Babcock gains

FTSE steady as miners outweigh GKN, Babcock gains

Britain's main share index edged up on Tuesday, despite being weighed by mining stocks and wealth manager St James Place. The FTSE was 0.1 percent higher, as gains by GKN and Pearson outweighed losses from basic resources stocks. Engineering group GKN was
Published 01 Mar, 2017 12:00am
Southeast Asian stocks largely down

Southeast Asian stocks largely down

Southeast Asian stock markets ended soft on Tuesday, in line with Asian peers, as investors were guarded ahead of US President Donald Trump's policy speech and due to some month-end book-squaring. Markets have been awaiting more details on Trump's propose
Published 01 Mar, 2017 12:00am
Australian shares fall; New Zealand up

Australian shares fall; New Zealand up

Australian shares fell for the fourth straight session on Tuesday, erasing earlier gains, as investors buckled up for US President Donald Trump's speech to Congress later in the day. Trump is expected use the major policy speech to a joint session of Cong
Published 01 Mar, 2017 12:00am
Earnings underpin European equities, STOXX set for monthly gain

Earnings underpin European equities, STOXX set for monthly gain

European equities steadied on Tuesday, with a rally in shares of companies such as GKN and Meggitt following their encouraging results offset by weaker miners. The STOXX Europe 600 was flat in percentage terms by 1028 GMT. However, the pan-European index,
Published 01 Mar, 2017 12:00am
China stocks soar

China stocks soar

China stocks edged up on Tuesday in thin trading as caution prevailed following a months-long run-up to the main index's late-November peak, a key technical resistance. The bluechip CSI300 index rose 0.2 percent, to 3,452.81 points, while the Shanghai Co
Published 01 Mar, 2017 12:00am
Indian shares down
Currency

Indian shares down

Indian shares fell for a second straight session on Tuesday as caution set in ahead of quarterly gross domestic product data due later in the day, which will show the extent of the impact on the economy from a ban on high-value currency. The broader NSE i
Published 01 Mar, 2017 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday from multi-week lows touched Friday on expectations that a speech by US President Donald Trump due on Tuesday could drive yields higher, while hawkish comments from a Federal Reserve official also contributed. Analysts sa
Published 01 Mar, 2017 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday from multi-week lows touched Friday on expectations that a speech by US President Donald Trump due on Tuesday could drive yields higher, while hawkish comments from a Federal Reserve official also contributed. Analysts sa
Published 01 Mar, 2017 12:00am
Hong Kong stocks fall

Hong Kong stocks fall

Hong Kong stocks fell for the fourth session in a row on Tuesday as a months-long rally showed further signs of fatigue, and as investors awaited a speech by US President Donald Trump for details on tax reform and infrastructure spending. The Hang Seng in
Published 01 Mar, 2017 12:00am
Dow touches 12th record high

Dow touches 12th record high

US stocks ended slightly higher on Monday and the Dow closed at a record high for a 12th straight session, as President Donald Trump said he would talk about his plans for infrastructure spending in an address to Congress Tuesday. The Dow's streak of reco
Published 01 Mar, 2017 12:00am
Tuesday's early trade: stocks slip ahead of Trump's address to Congress

Tuesday's early trade: stocks slip ahead of Trump's address to Congress

US stocks dipped Tuesday morning, dragged down by financial and consumer discretionary shares, with investors awaiting President Donald Trump's first speech to a joint session of Congress. Trump's promises of tax reform, infrastructure spending and simple
Published 01 Mar, 2017 12:00am
Tokyo stocks up with all eyes on Trump speech
Currency

Tokyo stocks up with all eyes on Trump speech

Tokyo's benchmark index finished slightly higher Tuesday after four days of losses, with all eyes on US President Donald Trump's congressional address later in the day. Trump's promises of new tax cuts and stimulus spending have stoked a global equities r
Published 01 Mar, 2017 12:00am
Japan factory output unexpectedly falls as exports of cars to US slow

Japan factory output unexpectedly falls as exports of cars to US slow

Japan's industrial output unexpectedly fell in January for the first time in six months, pressured by a slowdown in shipments of cars to the United States in a sign of an economy grappling for a more sure-footed recovery. While Asian exports, including Ja
Published 01 Mar, 2017 12:00am
Morocco looks to new markets to boost stagnant tourism

Morocco looks to new markets to boost stagnant tourism

Morocco's key tourism sector barely grew last year amid security challenges, but operators are hoping Chinese and Russian visitors will boost their fortunes in the coming years. While political turmoil and jihadist attacks have battered the sector in Egyp
Published 01 Mar, 2017 12:00am
UK services optimism is highest since Brexit vote: CBI

UK services optimism is highest since Brexit vote: CBI

Optimism among businesses in Britain's services sector is now higher than at any time since June's vote to leave the European Union, despite the prospect of rising costs and prices eroding profits, a major business survey showed on Monday. The Confederati
Published 01 Mar, 2017 12:00am
Consumption drove Polish economy in Q4, investment decline eased

Consumption drove Polish economy in Q4, investment decline eased

A robust rise in consumption drove Poland's economic growth in the fourth quarter of last year, data showed on Tuesday, also signalling that a decline in investment that weighed on growth throughout 2016 could be coming to an end. The statistics office co
Published 01 Mar, 2017 12:00am
Hungary PM calls 'ethnic homogeneity' a key to success

Hungary PM calls 'ethnic homogeneity' a key to success

Hungary's Prime Minister Viktor Orban said Tuesday that "ethnic homogeneity" was vital for the country's economic success, in a fresh tirade against importing workers to solve labour shortages. Addressing the Hungarian Chamber of Commerce and Industry in
Published 01 Mar, 2017 12:00am
Net income rises 7.7 percent for US banks

Net income rises 7.7 percent for US banks

Net income at US banks increased by $3.1 billion, or 7.7 percent, in the fourth quarter of 2016 compared with a year ago, while the number of struggling lenders fell, the Federal Deposit Insurance Corp said on Tuesday. For the year, the banking industry r
Published 01 Mar, 2017 12:00am
Nigeria's growth drops, but oil looking up
Currency

Nigeria's growth drops, but oil looking up

Nigeria's battered economy suffered a year-long contraction in 2016, official data showed Tuesday, but the oil sector showed signs of recovery, raising hopes for an end to recession. The latest figures showed that the gross domestic product (GDP) shrunk b
Published 01 Mar, 2017 12:00am
US economy slowed in Q4 despite robust consumer spending

US economy slowed in Q4 despite robust consumer spending

The US economy expanded at a slower pace in the fourth quarter, as previously reported, and appeared to remain on a moderate growth path as President Donald Trump took office with a promise to reinvigorate manufacturing and protect jobs. Trump has pledged
Published 01 Mar, 2017 12:00am
China's economy faces global uncertainties, overcapacity at home

China's economy faces global uncertainties, overcapacity at home

China's economy faces risks from international uncertainties and excess factory capacity this year, the statistics bureau said on Tuesday. The world's second-largest economy grew 6.7 percent last year, easing from the pace in 2015 but roughly in the middl
Published 01 Mar, 2017 12:00am
Xi says China must 'unswervingly' crackdown on financial irregularities

Xi says China must 'unswervingly' crackdown on financial irregularities

Chinese President Xi Jinping said the nation must "unswervingly" crackdown on financial irregularities and illegal behaviours, while improving shortcomings in its market supervision, state news agency Xinhua quoted him as saying on Tuesday. Xi stressed th
Published 01 Mar, 2017 12:00am
China shuts down $7.3 billion illegal forex operation
Currency

China shuts down $7.3 billion illegal forex operation

China said it has broken up an underground banking operation that conducted $7.3 billion in illegal foreign-currency transfers, trumpeting the bust as a sign of its resolve in stemming massive capital flight. The State Administration of Foreign Exchange (
Published 01 Mar, 2017 12:00am
Marshall Islands first to ratify greenhouse gas deal

Marshall Islands first to ratify greenhouse gas deal

The Marshall Islands, a Pacific archipelago highly exposed to climate-induced sea level rise, said Tuesday it was the first country to ratify a global pact to phase out planet-warming gases called HFCs. The Kigali Amendment on ending hydrofluorocarbons (H
Published 01 Mar, 2017 12:00am
World's largest wealth fund gains 50 billion euros in 2016

World's largest wealth fund gains 50 billion euros in 2016

Norway's sovereign wealth fund, the world's largest, notched up huge gains in 2016, as it reaped the benefits of a global stock market rally following the election of US President Donald Trump, the Norwegian central bank said Tuesday. The fund returned 6.
Published 01 Mar, 2017 12:00am
World's largest wealth fund gains 50 billion euros in 2016

World's largest wealth fund gains 50 billion euros in 2016

Norway's sovereign wealth fund, the world's largest, notched up huge gains in 2016, as it reaped the benefits of a global stock market rally following the election of US President Donald Trump, the Norwegian central bank said Tuesday. The fund returned 6.
Published 01 Mar, 2017 12:00am
Australia current account deficit shrinks to smallest in 15 years

Australia current account deficit shrinks to smallest in 15 years

Australia boasted the smallest current account deficit in 15 years last quarter as booming resource exports delivered a whopping turnaround of A$8 billion to the nation's finances, boosting company profits and economic growth. The improvement should also
Published 01 Mar, 2017 12:00am
EU banks face $168.33 billion funding shortfall

EU banks face $168.33 billion funding shortfall

Banks in the European Union have less than a year to raise 159 billion euros ($168.33 billion) to comply with new rules designed to make sure they have enough money to meet long-term demands on their finances, the EU bank watchdog said on Tuesday. The Eur
Published 01 Mar, 2017 12:00am
India growth rate slips to seven percent in Q3

India growth rate slips to seven percent in Q3

India's economic growth rate slipped to seven percent in the third quarter of the financial year after the controversial ban on high-value banknotes in November, official figures showed Tuesday. Gross domestic product in one of the world's fastest growing
Published 01 Mar, 2017 12:00am
India needs more inclusive growth: OECD

India needs more inclusive growth: OECD

India's rapid economic growth has lifted 140 million people out of poverty in the past decade but many of its people still lack access to electricity and toilets, the OECD said Tuesday. GDP per capita has risen by more than five percent per year since the
Published 01 Mar, 2017 12:00am
CBOT soyabeans futures lower on weak export data

CBOT soyabeans futures lower on weak export data

Chicago Board of Trade soyabean futures settled lower on Monday, with traders noting long liquidation ahead of first notice day for the March contract. Weak export data also weighed on the market for much of the day. The most-actively traded May contract
Published 01 Mar, 2017 12:00am
Subdued business on cotton market
Cotton

Subdued business on cotton market

Thin trading activity was seen on the cotton market on Tuesday as buyers were conspicuous by their absence, dealers said. The official spot rate was unchanged at Rs 6650, they said. In Sindh, seed cotton prices were at Rs 3300-3400, in Punjab prices were
Published 01 Mar, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 164,199 tonnes of cargo comprising 130,838 tonnes of import cargo and 33,361 tonnes of export cargo including 9,702 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 13
Published 01 Mar, 2017 12:00am
Russian wheat prices broadly flat in thin trade

Russian wheat prices broadly flat in thin trade

Russian wheat prices were broadly unchanged last week, after five weeks of consecutive growth, on the back of continuing support from a strong rouble in trade thinned by a public holiday, analysts said on Monday. Black Sea prices for Russian wheat with 12
Published 01 Mar, 2017 12:00am
Palm oil down on European vegoils market

Palm oil down on European vegoils market

Palm oil on the European vegetable oils market eased on Monday on expectations that improved production and slow exports could cause a higher Malaysian palm oil stocks figure at the end of February. Asking prices for palm oil were between $5 and $12.50 a
Published 01 Mar, 2017 12:00am
EU wheat prices down with US markets

EU wheat prices down with US markets

European wheat prices slipped on Monday in the wake of a fall on US markets, pressured by ample global supplies, while new crop prices fell on precipitation forecasts in large EU producing countries. Benchmark May milling wheat on Paris-based Euronext was
Published 01 Mar, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Monday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,135. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 6.97 billion and the number of lots traded was 18,348. Major business was contributed by gol
Published 01 Mar, 2017 12:00am
Oil World sees record Brazilian soybean crop in 2017

Oil World sees record Brazilian soybean crop in 2017

Brazil's soybean crop in early 2017 is likely to reach a record 105 million tonnes against 95.4 million tonnes last year, helping to boost Brazilian soybean exports, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. "Under the lead of Brazil,
Published 01 Mar, 2017 12:00am
Malawi sees bigger maize harvest in 2017

Malawi sees bigger maize harvest in 2017

Malawi's maize production may rise a third in 2017 to 3.2 million tonnes despite damage inflicted by the fall armyworm, an alien South American pest that has invaded corn fields from Congo to South Africa. Malawi's maize crop, the staple grain, was devast
Published 01 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Mar, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 01 Mar, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 01 Mar, 2017 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (February 28, 2017).

Published 01 Mar, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (February 28, 2017).

Published 01 Mar, 2017 12:00am
Bill buying rates per unit of currency
Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (February 28, 2017).

Published 01 Mar, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (February 28, 2017).
Published 01 Mar, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (February 28, 2017).

Published 01 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (February 27, 2017).

Published 01 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (February 27, 2017).

Published 01 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (February 27, 2017).

Published 01 Mar, 2017 12:00am
Petroleum products' prices increased partially

Petroleum products' prices increased partially

The government on Tuesday partially increased the prices of petroleum products up to Rs 1.71 per litre effective from March 1. Addressing a press briefing, Federal Minister for Finance Ishaq Dar announced review in the prices of the petroleum products for
Published 01 Mar, 2017 12:00am
Petroleum products' prices increased partially

Petroleum products' prices increased partially

The government on Tuesday partially increased the prices of petroleum products up to Rs 1.71 per litre effective from March 1. Addressing a press briefing, Federal Minister for Finance Ishaq Dar announced review in the prices of the petroleum products for
Published 01 Mar, 2017 12:00am
Petroleum products'' prices increased partially

Petroleum products'' prices increased partially

The government on Tuesday partially increased the prices of petroleum products up to Rs 1.71 per litre effective from March 1. Addressing a press briefing, Federal Minister for Finance Ishaq Dar announced review in the prices of the petroleum products for
Published 01 Mar, 2017 12:00am
Nepra approves Rs 3.23 per unit refund for January

Nepra approves Rs 3.23 per unit refund for January

National Electric Power Regulatory Authority (Nepra) on Tuesday approved refund of Rs 3.23 per unit to consumers of power Distribution Companies for January 2017 under monthly fuel adjustment mechanism against CPPA's request of Rs 1.62 per unit reduction
Published 01 Mar, 2017 12:00am
Nepra approves Rs 3.23 per unit refund for January

Nepra approves Rs 3.23 per unit refund for January

National Electric Power Regulatory Authority (Nepra) on Tuesday approved refund of Rs 3.23 per unit to consumers of power Distribution Companies for January 2017 under monthly fuel adjustment mechanism against CPPA's request of Rs 1.62 per unit reduction
Published 01 Mar, 2017 12:00am
Nepra approves Rs 3.23 per unit refund for January

Nepra approves Rs 3.23 per unit refund for January

National Electric Power Regulatory Authority (Nepra) on Tuesday approved refund of Rs 3.23 per unit to consumers of power Distribution Companies for January 2017 under monthly fuel adjustment mechanism against CPPA''s request of Rs 1.62 per unit reduction
Published 01 Mar, 2017 12:00am
July-January services trade deficit up 30 percent

July-January services trade deficit up 30 percent

The country's services trade deficit rose sharply by 30 percent during the first seven months of this fiscal year (FY17), mainly due to lower exports. Analysts said that the pending Coalition Support Fund (CSF) inflows have largely contributed to the high
Published 01 Mar, 2017 12:00am
July-January services trade deficit up 30 percent

July-January services trade deficit up 30 percent

The country's services trade deficit rose sharply by 30 percent during the first seven months of this fiscal year (FY17), mainly due to lower exports. Analysts said that the pending Coalition Support Fund (CSF) inflows have largely contributed to the high
Published 01 Mar, 2017 12:00am
July-January services trade deficit up 30 percent

July-January services trade deficit up 30 percent

The country''s services trade deficit rose sharply by 30 percent during the first seven months of this fiscal year (FY17), mainly due to lower exports. Analysts said that the pending Coalition Support Fund (CSF) inflows have largely contributed to the hig
Published 01 Mar, 2017 12:00am
SECP unveils policy: issuance of shares at discount

SECP unveils policy: issuance of shares at discount

The Securities and Exchange Commission of Pakistan (SECP) Tuesday issued a new policy for issuance of shares at a discount by any company to whom the Companies (Issue of Capital) Rules, 1996 apply. According to the guidelines issued by the SECP here on Tu
Published 01 Mar, 2017 12:00am
SECP unveils policy: issuance of shares at discount

SECP unveils policy: issuance of shares at discount

The Securities and Exchange Commission of Pakistan (SECP) Tuesday issued a new policy for issuance of shares at a discount by any company to whom the Companies (Issue of Capital) Rules, 1996 apply. According to the guidelines issued by the SECP here on Tu
Published 01 Mar, 2017 12:00am
SECP unveils policy: issuance of shares at discount

SECP unveils policy: issuance of shares at discount

The Securities and Exchange Commission of Pakistan (SECP) Tuesday issued a new policy for issuance of shares at a discount by any company to whom the Companies (Issue of Capital) Rules, 1996 apply. According to the guidelines issued by the SECP here on Tu
Published 01 Mar, 2017 12:00am
Samsung Group chief charged with bribery

Samsung Group chief charged with bribery

South Korean prosecutors charged Samsung Group chief Jay Y. Lee with bribery and embezzlement on Tuesday as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a graft scandal that has rocked the cou
Published 01 Mar, 2017 12:00am
Samsung Group chief charged with bribery

Samsung Group chief charged with bribery

South Korean prosecutors charged Samsung Group chief Jay Y. Lee with bribery and embezzlement on Tuesday as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a graft scandal that has rocked the cou
Published 01 Mar, 2017 12:00am
Samsung Group chief charged with bribery

Samsung Group chief charged with bribery

South Korean prosecutors charged Samsung Group chief Jay Y. Lee with bribery and embezzlement on Tuesday as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a graft scandal that has rocked the cou
Published 01 Mar, 2017 12:00am
There's no need for panic: PSX chief

There's no need for panic: PSX chief

Pakistan Stock Exchange (PSX) Chairman Munir Kamal said Tuesday that Pakistan's market is well established and growing and there is no need for panic. Addressing a press conference at Securities and Exchange Commission of Pakistan (SECP) through video lin
Published 01 Mar, 2017 12:00am
There's no need for panic: PSX chief

There's no need for panic: PSX chief

Pakistan Stock Exchange (PSX) Chairman Munir Kamal said Tuesday that Pakistan's market is well established and growing and there is no need for panic. Addressing a press conference at Securities and Exchange Commission of Pakistan (SECP) through video lin
Published 01 Mar, 2017 12:00am
There''s no need for panic: PSX chief

There''s no need for panic: PSX chief

Pakistan Stock Exchange (PSX) Chairman Munir Kamal said Tuesday that Pakistan''s market is well established and growing and there is no need for panic. Addressing a press conference at Securities and Exchange Commission of Pakistan (SECP) through video li
Published 01 Mar, 2017 12:00am
PIA in default of Rs 5.9 billion sales tax

PIA in default of Rs 5.9 billion sales tax

Federal Board of Revenue (FBR) has revealed that Pakistan International Airlines (PIA) is in default of Rs 5.9 billion sales tax and tax authorities were stopped by the Economic Co-ordination Committee (ECC) of the Cabinet from recovery of the amount. The
Published 01 Mar, 2017 12:00am
PIA in default of Rs 5.9 billion sales tax

PIA in default of Rs 5.9 billion sales tax

Federal Board of Revenue (FBR) has revealed that Pakistan International Airlines (PIA) is in default of Rs 5.9 billion sales tax and tax authorities were stopped by the Economic Co-ordination Committee (ECC) of the Cabinet from recovery of the amount. The
Published 01 Mar, 2017 12:00am
PIA in default of Rs 5.9 billion sales tax

PIA in default of Rs 5.9 billion sales tax

Federal Board of Revenue (FBR) has revealed that Pakistan International Airlines (PIA) is in default of Rs 5.9 billion sales tax and tax authorities were stopped by the Economic Co-ordination Committee (ECC) of the Cabinet from recovery of the amount. The
Published 01 Mar, 2017 12:00am